Bitcoin nearly 1B of Open interest are still trappedBitcoin nearly 1B of Open interest are still trapped price did 5% drop into VAL at 66k but failed to do a cascade liquidations because too many short sellers were in at this moment i wait for clear pattern to take a trade 02:31by Yuriy_BishkoUpdated 28
BITCOIN - Price can continue to decline in channel to $61100Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price declined to support level, which coincided with support area, and even broke it and fell lower. Then price started to grow inside rising channel, where BTC soon broke $61100 level again and then made retest. Price rose to resistance level, which coincided with resistance area, but at once made correction movement. Next, BTC reached $71300 level one more time, made fake breakout of it, and then started to decline in falling channel. Also now, price continues to decline inside this channel and I think Bitcoin can reach resistance line. After this, price can bounce and continue to decline in falling channel to $61100 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon114
BTC Price Prediction and Elliott Wave AnalysisHello friends, Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna224
Bitcoin - Continuation of the rally after $60,000?Attention to the Bitcoin chart. The orange line is similar to the short-term holders' realized price, only slightly better. Almost every time the price approached this line, Bitcoin dropped by another 4-7% and then immediately reversed and continued to rise. Looking at the current situation, we have a clear parallel channel in which the price has been for over 90 days. And 4-7% below the orange line is the lower boundary of the channel. Based on past scenarios, a likely outcome could be a drop, a liquidity grab below the channel, and then a reversal of Bitcoin and the start of a new wave of growth. If there is not enough liquidity below, then the price could easily fall and quickly reach the $53,000 level. If BTC consolidates above the channel, then the road to the $100,000 level will be open.Longby Yaroslav_Krasko114
BTC Breaking DownThe EQ (equilibrium, center dashed line) of the range is now resistance once again, meaning the price is statistically more likely to trade between $60,000 and $67,000 than above. Important reminder - things are far from certain in these scenarios. We had price in the top half of the range and it never even managed to visit the highs, as one would “expect.” For now, things are looking decidedly weaker, but still simply annoying and sideways. Nothing to do here but wait.by ScottMelker114
BITCOIN SELL ANALYSIS BTCUSD I'm looking for sell side momentum 1:2 RR Correction completed Ready for the fall Shortby DNA_Trader_Officials222
Professional analysis of Bitcoin trading signals!Hello, friends After yesterday's price fell, it rebounded again, but the price is still in the downward channel. The overall trend is still downward. The safest trading idea is to sell when the price rebounds to the upper resistance level. If the price breaks through 65700, the price may continue to rise in the short term. At present, you can focus on 65000-65700. If the price shows a downward signal below 65700, you can sell, with a target of 64000-64300 by Thebest-traderUpdated 114
Bitcoin (6/19/2024)I think #BTC has finished it's corrections and now should expect a wave 3 targeting a new all time high. Confirmation is >$70k Cancelation is <$60k Longby MohamedSewid112
Bitcoin Possible Bullish MoveLiquidity grabbed , structure broken. Price Rallied back up. Price heading to support for possible bullish move. Remember: Risk Management very important.Longby habinelUpdated 113
$$$$BTCUSDT FORMED BULLISH FLAG$$$$Dear Traders, We are convening a discussion focused on #BTCUSDT The Bullish Flag Pattern is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 20%🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT Longby annatradechartsUpdated 111125
BREAKOUT IN THE UPCOMING MONTH! Divergence on 4H Low Volume on weekend. Id enter my Long to early. What needs to happen for Long to Hva e higher probability. 1. BoS of 4hr 2. RSI Divergence on 4hr. > follows with Daily and Weekly Level. I also can see there's probability of better prefect Long position on 61k area. Then it will create a Inverse Head and Shoulder in Weekly and Cyper Harmonic Pattern in Daily. Life is good. Cheers. Longby Shelby2695442
BTCUSD BUYBitcoin looking for correction upside or need to break the downtrend line The decision area 1:2 RRLongby DNA_Trader_Officials222
BTC/USD Triangle. Medium-term and local work 07 06 2024Logarithm. The time interval is 3 days. This idea is a continuation of the previous one, published more than half a year ago Local trend BTC/USD 19 11 2023 An ascending triangle (conditionally bullish) is forming. The percentages of its realization and key support/resistance levels are shown. Similarly, key reversal levels are highlighted in yellow and indicated with arrows. The Gann fan is also constructed to understand the dynamic support/resistance areas of the trend as the price movement develops in the future. Remember, this is a phase of Dow Theory — participation, i.e. majority participation. I suggest paying attention to altcoins that are not caught up in the news backdrop. Line chart. Secondary trend . BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC. Major trend . BTC/USD Halving 518 When will be the cycle price low and high. Longby SpartaBTCUpdated 229
BTC the "Wyckoff Re-Accumulation" Hello Traders, Today we are looking at a the current consolidation or trading range of BTC over the past 4 months. When an asset is consolidating or trading range it could be either in an accumulation or a distribution phase per Richard Wyckoff. Richard Demille Wyckoff (November 2, 1873 – March 7, 1934) was an American stock market investor, and the founder and onetime editor of the Magazine of Wall Street (founding it in 1907). He was also editor of Stock Market Technique. During his early years Wyckoff studied many of the most well known early stock traders and later created his own techniques to navigate the markets now known as the Wyckoff Method. The Wyckoff Method is a technical analysis approach developed by Richard Wyckoff that emphasizes the relationship between price and volume to understand the psychology of the market. Wyckoff believed that by studying price action and volume patterns, traders could identify the intentions of large institutions, often called "smart money," and anticipate future market movements. This method focuses on specific phases within a trend, with accumulation being a key stage where large institutions discreetly buy shares before a potential price increase. This buying activity often leads to periods of consolidation, which Wyckoff saw as crucial phases in the accumulation process. Let's delve deeper into these consolidation phases, also known as trading ranges, and how Wyckoff interpreted them. Within the Wyckoff Method, trading ranges, also known as consolidations, represent periods where the price action gets stuck in a defined zone. This sideways movement reflects a temporary tug-of-war between buyers and sellers. While bulls (buyers) try to push the price higher, bears (sellers) attempt to drive it down. Neither side can gain a decisive advantage, resulting in the price bouncing between established support and resistance levels. Wyckoff viewed these consolidations as a crucial phase during accumulation, where large institutions strategically absorb selling pressure from weaker hands. By analyzing volume patterns within the trading range, Wyckoff aimed to identify signs of underlying strength or weakness, ultimately gauging the probability of a future breakout in the direction of the dominant force. Richard Wyckoff developed schematics to illustrate the various stages of accumulation and distribution within his trading method. These schematics weren't rigid formulas, but rather a framework to understand the underlying behavior of large institutions during these phases. One of the schematics portrayed in Wyckoff's accumulation schematic is the re-accumulation. The Re-accumulation similar to a normal accumulation is derived of multiple moving parts focusing on price action and volume. Below are the moving parts of a Wyckoff accumulation and the acronyms defined to better help you understand the schematic listed below. Please take a moment to understand these different stages of events in the schematic as we will be applying them to the current trading range which we are analyzing on the current BTC chart. PSY ( Preliminary Supply ): This marks the initial stage where large institutions begin discreetly selling shares after a significant upward movement. Volume might not be exceptionally high, but there's a subtle increase in selling pressure. BC ( Buying Climax ): This is a period of frenzied buying activity, often driven by retail investors. Volume surges, and the price might reach a temporary high. However, this buying is often filled by large institutions happy to unload their remaining shares. ST ( Secondary Test ): After the buying climax, the price might revisit the area of the BC to gauge remaining buying interest. This is a test of demand and can be a good entry point if volume is low, suggesting the selling pressure is fading. AR ( Automatic Reaction ): This refers to a short-lived price movement in the opposite direction of the underlying trend. It's an automatic response to the previous price movement and doesn't necessarily reflect a shift in the overall trend. Spring : a price movement that tests remaining supply of a security after a period of consolidation. It's a short-lived, sharp downward movement that often appears near support levels. The Spring is now always a part of the Wyckoff re-accumulation schematic. LPS ( Last Point of Supply ): This is the final significant selling pressure before a potential breakout. The price might reach a new high (higher high) on relatively low volume, indicating a lack of sellers and a potential increase in buying power. SOS ( Signs of Strength ): These are bullish price movements on increasing volume, often accompanied by higher highs and higher lows. They signal that demand is overcoming supply, and the price is likely to move upwards. Phase A (2/25-3/15) Preliminary Supply As you can see in the first move of Phase A of the chart shown between 2/24 and 3/04 we had a large buy up of proven to be institutional buyers which can be shown by the buying pressure in the graph below the new ETF inflows and outflows. This would represent the Primary Supply or (PSY). Sometimes followed by the shake out as you can see happened right after the build up of the PSY. This graph denotes the new Spot Bitcoin ETF's and companies that run them such as Blackrocks BTC ETF ( NASDAQ:IBIT ) headed up by the very well known name in finance Larry Fink with the company's Trillions under management in a whole. Greyscales BTC Trust turned ETF ( AMEX:GBTC ) Headed by the recently appointed Peter Mintzberg> Fidelity ( AMEX:FBTC ) leading the company as CEO of the larger asset fund manager Abigail Johnson. ARK 21Shares Bitcoin ETF ( AMEX:ARKB ) headed up by Cathie Wood. Bitwise ( AMEX:BITB ) ran by CEO Hunter Horsley and for all intent purposes we will leave the other 5 ETF's. These are listed in order of largest BTC holdings to smallest just for some context. Buying Climax The second stage in Phase A is the Buying Climax which is predominantly dominated by an increase of volume of retail buyers which you can see in the chart below showing the retail to institutional investor ratios between the time period we are currently looking at on the chart. This is also matched with institutional traders selling into the buying of the asset being bought up by retail. For this instance we can reference the data shown above in the Spot Bitcoin ETF Flows. AMEX:GBTC seemed to be the only large institution that was selling into this buy volume by us little folks. Phase B: (3/15-4/24) Secondary Test As defined above, this is when price action comes down into a demand zone and tests as selling pressure starts to diminish. This becomes a good point of entry for buyers. This is a crucial stage that tests the demand base established during the beginning of the re-accumulation phase. It involves the price action revisiting the area of the buying climax. This offers valuable insight into the strength of the accumulation process. Automatic Reaction After the secondary test you can see on the chart the price action had a swift return to the upper resistance zone creating the AR we are discussing now. The automatic response is a bounce off the lower support area of the consolidation range of the schematic. From the chart we can see a large bullish candle jumping from the bottom of the range happening on 3/20 followed by continued price action up to the top of the range, suggesting we have confirmed the AR within this schematic. Phase C (4/24-5/05) The Spring The Spring is known to be the Primary Shake out of the consolidation period. This is intended to shake out the "weak hands" within the asset. By creating a sense of urgency, it can entice short-term traders and those with shaky confidence to sell their holdings. The spring is characterized by a sudden and rapid decline in price, often accompanied by a moderate increase in volume. Another characteristic is low volume. After the Initial shake out there will be a price action rebound that Signifies the selling pressure has been exhausted and buyers are stepping back in. As you can see on the chart, the price breaks the bottom support range shortly after jumps back in proving buyers are back in the market. Phase D (5/05-current) Last Point of Supply As defined above, this event consists of a price movement to the upper part of the range with lower selling volume when the price pushes off the resistance area of the range. This is very indicative of the LPS stage of this phase. Sign of Strength The last stage in Phase D is the Sign of Strength. For the time being we are waiting to see this event unfold. The first indication we will have that this is taking place is the break of the top of the trading range around $73,250. If this happens we can expect the expansion phase out of the range to take place. In conclusion, by analyzing the recent price action of Bitcoin through the lens of the Wyckoff re-accumulation schematic, we've identified several key events. The presence of a Buying Climax, Secondary Test, Automatic Reaction, and Spring all suggest a potential accumulation phase might be underway. The recent price movement towards the upper resistance zone with lower volume hints at a Last Point of Supply, which could be followed by a breakout if confirmed by Signs of Strength, such as a surge in volume accompanying a price move above the consolidation range. While further observation is needed to solidify these signals, the Wyckoff framework offers valuable insights into the possible direction of the Bitcoin market. Remember, the Wyckoff method is a probabilistic tool, and future price movements can deviate from these expectations. Quote From Richard Wyckoff "I not only aim to make money but, to keep it and make it grow" Stay Growing My Friends, Savvy by Crypto_Kinfolk112
FAKE BULL SEASON is OVER!As can be seen, the rising trend that took us from the bottom to the new ATH has been broken and according to the Fib levels, it does not appear that the decline will stop before 56K. My guess is that the decline will stop temporarily at the minimum angle trend level, that is, 50K, but I do not think we will see a new ATH this year.Shortby the6ylal223
BTC - DECISION TIME FOR BTC (JUNE 2024)BTC - DECISION TIME FOR BTC (JUNE 2024) I believe June 2024 is a critical decision time for Bitcoin. There's an 80% chance it will rise and a 20% chance it will fall.Longby Ehsan_1307Updated 228
BTCUSDT just scalping.After struggling myself for almost 4 to 5 years. Finally, I have managed to come out with my own script for scalping. Of course, credit to all the geniuses out there as I have to reference many good indicators for this community and incorporate them with my ideas and my style of trading that suits me. I like the indicator is straightforward. I hate seeing data like volume, open interest, CVD, liquidation, and so on. Longby SkyitoUpdated 332
My BTC short term bias After a brief study on the CRYPTOCAP:BTC market against USDT, It looks like price will fall back into the $65,000 price range and could most likely continue to fall below $65000 in the coming weekShortby ajiriobibi441
BTC Analysis BTC mitigating orderblock (2) to moving upside. I m marking the circle showing upside momentum. So Bitcoin moving some upside possible. But Bitcoin was bearish. Mitigate orderblock (1) to moving downside is high possible. Or Bitcoin break order block (2), Bitcoin fall downside.by rahulOffi112
Bitcoin Possible Bottom InBitcoin is forming a falling wedge pattern with the first ever bullish divergence after a 77% drop, this has never happened before after such a drop.Longby TraderSamzyUpdated 555
Last chance for Bitcoin! Up or Down?bitcoin is still playing this triangle, for about 5 months now, if it is broken down the first TP is at 60k, and a probable retest of the support at 52k, but if we go up, and the triangle will be broken up, my first TP it will be at 85k, with a possible increase up to 100k (total production cost) in your opinion is it going up or down?by Itsmrluke111
bitcoin analysis I'm expecting long in this areabitcoin are still consolidate in 66800 to 66500 range, it will go little downside and purge some liquidity and after that there is high chance it will go upside im looking long following area buy around 66300 tp 67400 and sl 66170. Longby honey9bee220